XML 34 R45.htm IDEA: XBRL DOCUMENT
v3.20.1

Income taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Income taxes |
Schedule of components of income before income taxes | The components of income before income taxes for the years ended December 31, 2019 and 2018 are as follows:
|  | Year Ended December 31,
|  | 2019 |  | 2018
Foreign (not subject to income taxes) |  | $ | 13,593,497 |  | $ | 15,100,642
Mexico |  |  | (2,458,210) |  |  | (3,115,656)
United States |  |  | 2,657,405 |  |  | (153,003)
|  |  | 13,792,692 |  |  | 11,831,983
Less gain on sale of discontinued operations |  |  | (3,621,170) |  |  | —
Less discontinued operations |  |  | — |  |  | (1,115,825)
|  | $ | 10,171,522 |  | $ | 10,716,158
Schedule of provision for income taxes deferred tax benefit relating to U.S. operations | The Company’s provision for (benefit from) income taxes for the years ended December 31, 2019 and 2018, which related to U.S. operations, consisted of the following:
|  | Year Ended December 31,
|  | 2019 |  | 2018
Current: |  |  |  |  |  |
Federal |  | $ | 143,567 |  | $ | 100,806
State |  |  | 171,093 |  |  | 106,922
Foreign |  |  | — |  |  | —
Total |  |  | 314,660 |  |  | 207,728
Deferred: |  |  |  |  |  |
Federal |  |  | (203,031) |  |  | (302,440)
State |  |  | (45,008) |  |  | (62,579)
Foreign |  |  | — |  |  | —
Total |  |  | (248,039) |  |  | (365,019)
Total provision |  | $ | 66,621 |  | $ | (157,291)
Schedule of reconciliation of federal tax rate to the effective benefit rate | A reconciliation of the U.S. statutory federal tax rate to the effective benefit rate for the U.S. loss before income taxes for the years ended December 31, 2019 and 2018 is as follows:
|  | Year Ended December 31, |
|  | 2019 |  | 2018 |
U.S. statutory federal rate |  | 21.00 | % | 21.00 | %
State taxes, net of federal effect |  | 4.38 | % | 4.22 | %
Nontaxable foreign income |  | (30.09) | % | (38.26) | %
Research & development tax credit |  | (3.46) | % | (2.27) | %
Permanent items |  | (0.79) | % | 1.26 | %
Valuation allowance for deferred tax assets |  | 9.45 | % | 12.72 | %
|  | 0.49 | % | (1.33) | %
Schedule of tax effects of significant items net long-term deferred tax assets liability | The tax effects of significant items comprising the Company’s net long-term deferred tax liability as of December 31, 2019 and 2018 were as follows:
|  | December 31,
|  | 2019 |  | 2018
Deferred tax assets: |  |  |  |  |  |
Operating loss carryforwards - Mexico |  | $ | 3,427,295 |  | $ | 3,020,049
Land basis difference - Mexico |  |  | 1,164,365 |  |  | 999,719
Start-up costs - Mexico |  |  | 4,608,990 |  |  | 3,856,942
Research & development tax credits - U.S. |  |  | 166,653 |  |  | —
Valuation allowances |  |  | (9,244,550) |  |  | (7,876,710)
|  |  | 122,753 |  |  | —
Deferred tax liabilities: |  |  |  |  |  |
Property and equipment - U.S. |  |  | 148,707 |  |  | 180,431
Intangible assets - U.S. |  |  | 1,380,328 |  |  | 479,443
|  |  | 1,529,035 |  |  | 659,874
Net deferred tax liability |  | $ | 1,406,282 |  | $ | 659,874

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration